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Jackpot of Life : 1 "Lucky" Options Trader Made A 60,000% Return Over The Weekend

With Keurig Green Mountain trading around $51 late on Friday, one “hopeful” options trader decided it was an opportune time to buy 99 $60 call options (controlling 9,900 shares or around $594,000 worth at the strike) which unless something miraculous happened would expire entirely worthless within a week. Well… a miracle happened over the weekend, CMGR was bought at a 78% premium and that “lucky” options trader cashed in his lottery ticket with a 60,000% return.

With a strike requiring a 20% gain in less than 7 days… seems like a very lucky last-minute winning buyer of this lottery ticket.

The Paradox: a surgeon versus a trader (Why 95% Traders Lose Money ? )

“Have you ever met someone who goes to a bookstore on a Friday, buys a book on surgery, read it over the weekend and attempt to go into the operating theater on Monday and start to operate like a real surgeon?”

Every single one of the audience agreed there is a zero chance that this man could perform a successful surgery just by reading a surgery textbook over the weekend.

However, Jack went on to ask the next question,

“Have you ever met someone who goes to a bookstore on a Friday, buys a book on trading, read it over the weekend and attempts to head into the market on Monday and start to trade like he is a professional trader?”

The audience giggled upon Jack’s second question, which probably suggested that this example of a aspiring trader is a common occurence.

The fact, as Jack explained, is that anyone with zero experience in surgery will almost definitely fail in his first duty as a surgeon.

But someone who has zero experience in trading could still potentially make money (sometimes a lot) on his initial trades!

This paradox gives people a general false feeling that trading is and can be very easy for any newbie.

According to Jack, the truth is that in order to be a profitable trader in the long run, you will have to put in effort in honing your trading skills.

The effort will be as much as a trainee surgeon who spend years of his life learning how to become a proficient surgeon.

When a newbie trader’s beginners luck runs out, he will start losing a lot of money, usually much more than the amount he made during his lucky winning streak.
So, if you are a amateur trade and if you want to become a proficient trader over the long run, there is simply no short cut way for you.
You will have to spend years honing your trading skills until you become one of those market wizards.

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